AUDUSD extended its upside movement from 0.7054 to as high as 0.7160. Further rally is still possible and next target would be at 0.7200 area. On he downside, a breakdown below 0.7110 support would indicate that the upside movement had completed at 0.7160 already, then deeper decline towards 0.7054 support could be seen.
![AUDUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20190219_AUDUSD_1.png)